Mumbai, Aug 22 : IDBI Bank on Monday revised the interest rates upward on term deposits across various tenors.
The rates are effective from Monday, a statement from the bank said.
The bank is now offering the highest rate of 6.55 per cent on select tenors. It has also introduced a limited period special 500 days deposit under the Amrit Mahotsav FD scheme, offering a peak rate of 6.70 per cent. The Amrit Mahotsav offer is a limited offer available up to September 30.
Further, a special bucket of 500 days for US Dollar designated FCNR (B) deposits has also been introduced offering a peak rate of 3.63 per cent, the statement added.
